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gresham Definition

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gresham
biographical name(Gresh-am)
Sir Thomas 1519—1579 English financier
gresham
geographical name(Gresh-am)
city in northwestern Oregon east of Portland population 105,594
gresham
noun(Gresh-am)
an observation in economics: when two coins are equal in debt-paying value but unequal in intrinsic value, the one having the lesser intrinsic value tends to remain in circulation and the other to be hoarded or exported as bullion; broadly : any process by which inferior products or practices drive out superior ones

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